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Duke  University  Libraries 
(Resolution  con 
Conf  Pam  #247 

DTTOESTbD/ 


[Secret.] 
HOUSE  OF  REPRPlf^EXrATTTE^;jlin(i\*rV243&&:--0rder- 


ed  to  be  printed 
[By  Mr.  Russell. 


1  Resolved,  That  the  bill  to  levy  additional   taxes  for  the  year 

2  1865,  for  the  support  of  the  government,  be  recommitted  to  the 

3  Committee  od  Ways  and  Means,  with  instructions  to  report  a  bill 

4  or  bills  to  provide  means  to  carry  on   the  war,  which,  besides 

5  provisions  of  detail  and  provisions  to  equalize  other  taxes  with 

6  those  hereinafter  mentioned,  shaU  be  substantially  to  the  foUow- 

7  ing  effect: 

1  Section  1.    All  appropriations  heretofore  or  hereafter  made  to 

2  pay  any  liabilities  of  the  government  incurred  bef  jro  the 

3  day  of  1865,  or  accruing  on  contrac-s  heretofore  made, 

4  (unless  a  different  mode  of  payment  Ije   specially   provided  for 

5  by  law  or  contract, )  shall  be  paid  in  treasury  notes  of   the  pre- 

6  sent  issue,  and  the  Secretary  of  the  Treasury  is  hereby  author- 

7  Izcd  to  issue,  under  the  direction  of  the  President,  a  sufficient 

8  amount  of  sucli  treasury  notes  to  pay  all  such  appropriations, 
y  any  lhi»giu  any  former  law  to  the  contrary  notwithstanding. 

1  SfcJC.  2.     The  taxes  in  kind  for  the  present  and  each  future  year 

2  shall  bo  double  the  ainiuuts  of  such  taxes  now  imposed. 

1  Sec.  3.      All  cotton  and  tobacco,  nut  now  owned    by  citizens  or 


2 

2  subjects  of  neutral  countries,  shall   be  purchased,  borrowed   or 

3  impressed  for  the  government  on  the  following  terms :  to  be  re- 

4  turned  in  kind  of  equal  quantity  and  quality  within  two  years 

5  after   the  war  with  an   addition  to   the  quantity  at  the  rate  of 

6  per  cent,  per  annunj,  or,  at   the  option  of  the  owner,  to 

7  bo  paid  for  at  the  specie  value  in  bonds  of  the  government. 

1  Sec.  4.     The  President  shall  cause  to  be  is^sucd,  in  such  form, 

2  of  such  denominations,  and  with  such  authentication  as  he  shall 

3  prescribe,  bills  to  be   called  revenue  bills,  purporting  that  the 

4  Confederate  States  owe  to  the  bearer  the  sums  of  money  there- 

5  in  respectively  specified,  and  the  same  may  be  issued  and  re-is- 

6  sued  in  payment  of  appropriations  other  than  those  first  above 

7  mentioned;  but  the  amount   of  them  outstanding   shall  not  ex- 

8  ceed  at  any  time  two  hundred  millions  of  dollars. 

1  Sec.  5.     Whenever  the  tax  in  kind  of  any  subject  shall  not  ex- 

2  ceed  dollars,  the  whole  thereof,  and  in  all  other 

3  cases  the  half  of  the  tax  in  kind  of  any  subject  may,  at  the  op- 

4  tion  of  the  tax  payer,  be  commuted  by  paying  in  revenue  bills 

5  or  specie  four-fifths  of  the  appraised  value  thereof  to  the  proper 

6  tax  collector  within  days  alter  such  value  shall  have 

7  been  ascertained  according  to   law ;  and   such   value  shall   be 

8  estimated  and  ascertained  in  revenue  bills. 

1  Sec.  6.     Whenever  a  sufficient  amount  of  revenue  bills  to  pay 

2  for  one  or  more  bales  of  cotton  shall  be  presented  for  redemp- 

3  tion,  the  same  shall   be  redeemed  in  cotton  at  the  rate  of  fifty 


3 

4  cents  per  pound.     The  cotton  so  delivered   in  redemption  shall 

5  not  afterwards  be  liable  to   impressment  and  the  same  may  be 

6  exported  without  restriction,  except  the  payment  of  the  lawful 

7  export  duties. 

1  Sec.  7.     Treasury  notes  of  the  present  issue  may  bo  exchanged 

2  at  the  treasury  for  revenue  bills,  at  the  rate  of  twenty  dollars 

3  of  treasury  notes   for  one   dollar  of  rcvcMue   bills,  and,  at  the 

4  same  rate,  may  boused  instead  of  revenue  bills  for  the  commu- 

5  tation  of  taxes  in  kind,  or  for  conversion  into  cotton,  and  with 

6  like  effect.      ' 

1  Sec.  8.     Property  impressed  after  the  day  of 

2  1SG5,  shall  be  paid  for  in  revenue  bills  at  the  usual  market  prices. 


Pcnmalip^* 

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